SEM IX URBAN DEVELOPMENT PRIVATELY HELD CORP.

SEM IX Urban Development Corp. was founded in 1992 by
– the Local Government of Budapest District IX Ferencváros,
– the development financial institution of the Republic of France, the Caisse et Dépots et Consignations (CDC), and
– OTP Bank Corp.
Expertise to the creation of the urban development society of the Local Government was ensured by CDC and its central urban development branch, SCET, in cooperation with the Local Government. After being founded SEM IX Urban Development Corp. made the urban development action plan of the rehabilitation of Középs?-Ferencváros, on the basis of which, and approved of by the Local Government, as the project management branch of the Local Government, launched and managed ever since the rehabilitation of Középs?-Ferencváros by applying the operative development model based on the cooperation of the public and the private sectors. Since the foundation, the ownership combination of the society has changed, and the position of outside investors has been taken by Urban Development Privately Held Corp.

Categories

About Us

Urban Development Plc. was founded in 1997, to introduce the European operational model of urban development, based on the cooperation of the public and private sector (PPP) in a national context. This model was applied during several town and settlement rehabilitation projects in Hungary, and it is now based on the expertise and experience gained in the founding countries of the EU.